-The above figure shows the market for pizza.The market is in equilibrium when people's incomes decrease.If pizza is a normal good,then which point represents the most likely new price and quantity?

Question

Quizplus · Accepted Answer

When people's incomes decrease, the demand for a normal good, like pizza, would decrease. This leads to a shift in the demand curve to the left, resulting in a lower equilibrium price and quantity, which is represented by point E.

-The Above Figure Shows the Market for Pizza